Author: CryptoHoppers

Ethereum’s correlation with Bitcoin hit a yearly low of 0.61. Subdued Ethereum spot trade volume and waning whale interest contrasted with Bitcoin’s resurgence. In the midst of the ever-fluctuating cryptocurrency landscape, Ethereum[ETH] appeared to be facing ongoing challenges, in contrast to Bitcoin’s recent resurgence. Is your portfolio green? Check out the ETH Profit Calculator The decoupling Recent data indicated a correlation coefficient of 0.61 between Bitcoin and Ethereum signifying one of the lowest levels seen this year. This suggested that Ethereum was not closely mirroring Bitcoin’s recent positive price movements. Source: Trading View A crucial factor contributing to Ethereum’s subdued…

Ethereum’s Open Interest has rallied steadily since the beginning of September. With prices down 5% this month, spot market traders stall on accumulation. Ethereum [ETH] futures Open Interest has risen by 9% since the beginning of September despite the coin’s narrow price movements within that period.  Read Ethereum’s [ETH] Price Prediction 2023-24 According to data from Coinglass, the leading altcoin’s Open Interest at press time was $5.43 billion. Source: Coinglass Open Interest refers to the total number of outstanding contracts in a derivatives market. It is a measure of the overall activity in a market and can be used to gauge investor…

The Museum of Modern Art (MoMA) in New York has expanded its digital art collection by acquiring works from two key figures in the space: Refik Anadol and Ian Cheng. The move further cements MoMA’s reputation for staying ahead of the curve in contemporary art. A Deep Dive into ‘Unsupervised – Machine Hallucinations – MoMA’ Refik Anadol’s artwork titled ‘Unsupervised – Machine Hallucinations – MoMA (2022)’ is a striking example of generative art that blends machine learning with artistic vision. Anadol’s work employs a machine-learning model trained on MoMA’s expansive visual archive. This model then interprets and synthesizes fresh images…

Coinbase Cloud recently announced enabling APT delegation for the community. Now, token holders can earn rewards for securing Aptos on the Coinbase Cloud community validator. The platform released a string of tweets on its official X/Twitter account to share the information. The tweets stated that Coinbase Cloud is closely working with protocol teams to optimize its performance throughout the validation process. That is why the team is delighted to continue supporting every new feature developed on Aptos. The Layer 1 blockchain is designed to focus on user experience and security. Its engineering innovation in consensus and execution ensures a secure…

Kunji Finance is a groundbreaking platform that opens the door to non-custodial investment in actively managed strategies, with a mission to reshape the landscape of asset management in the cryptocurrency world. Kunji Finance is a multi-strategy decentralized asset management platform.Quick FactsHighlightsDetailsMissionReshaping asset management in the cryptocurrency worldKey Strategy“Alpha Blue Chip Focused Strategy” trading in BTC, ETH, DeFi, and metaverse sectorsBeta LaunchAugust 2023, with 500 early adoptersAchievementsMost traded contract on Arbitrum in July. Partnerships with major DEX protocols and key crypto entities.Community PresenceOver 34,000 Twitter followers and 18,000 Discord users. Kunji Research offers extensive publications.Key FeaturesLow capital requirements, transparent fee structure,…

Top Stories This Week Opening arguments begin in Sam Bankman-Fried trial The trial of former FTX CEO Sam “SBF” Bankman-Fried kicked off on Oct. 4 in New York after jury selection began the previous day. Assistant United States Attorney Thane Rehn told jurors that SBF used FTX customer funds to enrich himself and gain credibility among politicians through donations. “The defendant blamed a downturn in the crypto market. But he had committed fraud. That is what the evidence in this trial will show. You will hear from his inner circle. His girlfriend will tell you how they stole money together,”…

The crypto market can offer diverse opportunities. Out of this, analysts have picked out three projects that can post gains by December 2023. These coins are Axie Infinity, The Sandbox, and Tradecurve Markets. Axie Infinity trying to attract more users  Axie Infinity is a platform that allows gamers to enjoy various games and trade non-fungible tokens (NFTs) for profits. However, the project has experienced poor performance in 2023.  Despite reaching a peak of $13.94 in January, AXS prices crashed below the $5 support level. The team is working hard to attract new users by offering recent competitions, quests, and products like…

Volcano Energy and Luxor have created Lava Pool, making it the first Bitcoin mining pool in El Salvador. The objective is to tap into the geothermal energy resources of the country. The development comes almost two years after El Salvador announced making BTC a legal tender. Volcano Energy will now mine Bitcoin in the country and contribute 23% of its net income to the government. This will be done under the private-public partnership initiative. BTC will be mined exclusively from the pool. The Hashrate Forward Marketplace of Luxor will back the operations. The Marketplace will provide advanced hedging strategies to…

In the ever-evolving landscape of cryptocurrency, two formidable forces are poised to steer the industry into an unprecedented bull run, according to Arthur Hayes, the co-founder of BitMEX.  In a recent interview, Hayes delved into the transformative potential of artificial intelligence (AI) commercialization and the relentless money printing by the Federal Reserve, setting the stage for a thrilling period in the cryptocurrency domain. The rise of artificial intelligence in recent times has been nothing short of remarkable. AI, once confined to the realm of science fiction, is now a tangible force reshaping industries across the board. From healthcare to finance,…

Established in 2005, MultiBank Group aims to bring regulation and safety to the financial industry, creating a trusted trading environment.Over the past years, it has evolved into one of the largest financial derivatives institutions, holding more than 12 licenses worldwide, operating from 25 global offices, serving over 1,000,000 active customers, and achieving an average daily trading volume of $12.1 billion.Since the creation of Bitcoin, a growing number of digital currencies have been developed such as Ethereum, Ripple, or Litecoin, which have gained increasing attention and adoption over the past decade.Although the world of currency is steadily expanding and gaining popularity,…